South African futures tracked the higher JSE on Monday, boosted further by a rally in tech stocks that lifted US equities. The JSE all share closed 1.54% higher at 51,615.90 points and the blue-chip top 40 gained 1.95%, after some miners and industrials gained on a weaker rand. Industrials were further boosted by a strong performance from Naspers‚ which rose nearly 4%, supported by brisk trading in its Chinese investment, Tencent‚ which gained 2.27% in Hong Kong trade. Food and drug retailers rose 2.40%‚ resources 2.02%‚ industrials 1.93%‚ platinums 1.01%‚ financials 0.46% and banks 0.24%. The gold index shed 3.42%‚ while property was flat. At 5.42pm all the major European bourses were higher, with the FTSE 100 up 0.97%, the CAC 40 1.16% and the DAX 1.21%. The Dow Jones industrial average was up 0.48% and the Nasdaq 1.19%. Dow Jones Newswires reported that equities were boosted by sentiment from New York Federal Reserve president William Dudley that the current period of expansion i...
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